From Barchart: 2024-05-03 08:33:00

Electronic Arts (EA) is expected to report fourth-quarter fiscal 2024 results on May 7 with anticipated GAAP revenues between $1.625 billion and $1.925 billion and earnings ranging from 20-68 cents per share. Analysts predict a 12.43% decline in earnings and an 8.52% decrease in revenues compared to the year-ago quarter. The company has consistently beaten earnings estimates in the past four quarters.

Factors such as slow demand for digital and live services, a lack of new game releases, and higher operating expenses may have impacted EA’s performance. Despite recent game releases like EA SPORTS NHL 24 and EA SPORTS WRC boosting total bookings, margins may have been under pressure due to rising expenses.

While expectations for EA’s earnings aren’t optimistic, stocks like NVIDIA, Arista Networks, and Docebo are predicted to beat earnings this season based on their Earnings ESP and Zacks Rank. NVIDIA is set to release first-quarter 2024 results on May 22, Arista Networks on May 7, and Docebo on May 9.

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Read more at Barchart: Electronic Arts (EA) to Report Q4 Earnings: What’s in Store?